Financial Inclusion Guide

A Practitioner’s Resource for Navigating the Financial Inclusion Legal Environment

The Financial Inclusion Guide provides laws, regulations and related materials pertaining to microfinance and financial inclusion more broadly.  The Guide is a collaboration between the Boston University Center for Finance, Law & Policy and the Consultative Group to Assist the Poor (CGAP).

Read more about the Financial Inclusion Guide, and review the disclaimer.

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Recently Updated Laws & Regulations

Securities Market Law (No.19-00)

(Spanish) (Enacted in 2000) The securities Market Law was promulgated in the Dominican Republic on May 2000, in order to count with an adequate regulatory framework to regulate the activities of the participants in the stock markets and achieve better economic development with a sound, efficient and transparent market. This Law is intended to revolutionize… Read More

Last Updated on September 4th, 2013

Regulation for the Protection and Defense of Financial Services Consumers

(Spanish) (Enacted in 2006) The Regulation for the Protection and Defense of Financial Services Consumers (Reglamento de Proteccion al Usuario de los Servicios Financieros) is Dominican Republic’s consumer protection law specifically for the financial services sector. It’s a compilation of Rules for Banks and Financial Institutions of 2006, issued by the Monetary Board. This law… Read More

Last Updated on September 4th, 2013

Law on Money Laundering (No. 72-02)

(Spanish) The provisions of this Law have been enacted in order to define the activities that may be contemplated as laundering of assets arising from criminal activities; establish the mechanisms crucial for the prevention and detection of asset laundering (like know your customer provisions); create an entity that would coordinate the public sector’s efforts towards… Read More

Last Updated on September 4th, 2013

Law for the Development of the Mortgage Market and the Creation of Trust (No. 189-11)

(Spanish) The purpose of the Law for the Development of the Mortgage Market and the Creation of Trusts is to create the necessary legal structures in order to develop the Dominican mortgage market, by channeling resources from voluntary or compulsory savings towards long-term financing for hous­ing and general construction, improving the capital markets by expanding… Read More

Last Updated on September 4th, 2013

General Law on the Protection of the Rights of the Consumer or User (No. 358-05)

(Spanish) (Enacted in 2005) The General Consumer Protection law (Ley General de Protección de los Derechos del Consumidor o Usuario) is Dominican’s Republic general consumer regulation and complementary for the financial services sector (Article 1). It created Proconsumidor, institution with powers of inspection and intervention of financial institution operations. This entity has preempted Superintendence of… Read More

Last Updated on September 4th, 2013